SPDR Series Trust SPDR Nuveen Municipal Bond ESG ETF ETF

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in municipal bonds that pay income that is exempt from regular federal income tax. Under normal circumstances, the fund invests at least 80% of its net assets in municipal bonds issued by issuers with a score of 3 or higher at the time of purchase (“ESG Leaders”). It is non-diversified.